Moody’s Talks: Risk Reframed

Moody's Analytics

Moody’s Talks: Risk Reframed is your gateway into the complex and ever-evolving universe of risk management. From discussions about financial crime and physical risk to forced labor and cybersecurity, from entity data to AI-led innovations, this podcast explores many of the critical risks organizations face today—along with strategies to navigate them and foster resilient growth. Join our constellation of thought leaders, authors, and practitioners as they decode the forces shaping an era of exponential risk and share insights to help organizations adapt and thrive.

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109 episodes
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Episodes109

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Sep 27, 2024 · 47 min
Understanding and mitigating modern cyber risk
In this episode, KYC Decoded welcomes Derek Vadala, Chief Risk Officer at BitSight, who shares his insights on the intricacies of cyber risk, technology risk, and digital risk with host Alex Pillow. They explore the evolving nature of cyber threats, from financially motivated attacks to nation-state espionage, and discuss best practices for mitigating these risks through in depth defense strategies and ongoing monitoring. Derek emphasizes the criticality of a risk-based approach to supply chain
Sep 13, 2024 · 30 min
Exploring the Data and Technology for Compliance (DT4C) Alliance
This episode introduces the Data and Technology for Compliance (DT4C) Alliance, an industry group comprising leading data and technology companies focused on enhancing financial crime prevention in the EU. Host Alex Pillow, along with Ted Datta from Moody's, and Gem Conn from Dow Jones Risk and Compliance, discuss the Alliance's goals, key initiatives, and the impact they have had so far, including the inclusion of high-quality data standards in AML regulations. They explore how the alliance wo
Aug 30, 2024 · 54 min
VASP vigilance: Leading the charge in crypto compliance
As digital assets continue to evolve and enrich investment portfolios, they simultaneously demand innovative anti-money laundering (AML) and compliance strategies to counteract potential exploitation by bad actors. There is a critical need for financial service firms to adapt to these changes, understanding the money laundering risks tied to crypto. In this episode of KYC Decoded, we are joined by Liat Shetret, Director of Global Policy and Regulation at Elliptic, and Karmjeet Singh, Product
Aug 23, 2024 · 1 hr 11 min
Bridging the gap: Public-private partnerships in AML and financial crime
Some of the most crucial actors in the world of regulatory compliance exist within the public sector. But, with so many private sector players gathering data and making risk-based decisions, how can the two groups bridge any divides to overcome increasingly sophisticated criminals? In this episode of KYC Decoded, host Alex Pillow is joined by public sector colleagues Linda Hamilton, Deputy Director of Organised Crime in Fraud Investigations Service at the HM Revenue & Customs (HMRC), and Kevin
Aug 2, 2024 · 33 min
KYC origin stories, chapter 6 – Entity Verification API (EVA)
As regulatory stakes grow higher, so does the need for reliable, comprehensive data when evaluating risk. Enter: the Moody’s Entity Verification API. In a single source, this powerful tool layers curated data on over 525 million global companies along with real-time entity information from primary sources. Here to share more on the making of this tool and its value in a compliance program are Johanna Konrad, Moody’s Compliance & third-party risk Managing Director of Product Management, and Jon H
Jul 19, 2024 · 42 min
Who are you doing business with? A simple question with a complex answer
The term “Entity Verification” can mean different things to different people. Perhaps it brings to mind beneficial ownership, identity checks, or third-party risk management. Regardless, Entity Verification is the bedrock for understanding who you are doing business with. We are pleased to welcome back guest, Paul Nola, Partner at Context Consulting, for this episode of Moody’s Talks: KYC Decoded. Paul walks us through the findings of Moody’s latest study on Entity Verification. In addition to
Jul 12, 2024 · 25 min
The infinite game: director's commentary
You may recognize him as Moody’s Talks: KYC Decoded editor and producer, but, Mark Rundle, has a passion for storytelling that extends beyond podcasting. Mark is also a brilliant documentary filmmaker, and we are excited to have him join us behind the microphone in this week’s episode, discussing his recent three-part documentary series, The Infinite Game. These 10-minute episodes provide a searing view into the world of corruption, money laundering, and, most importantly, the people who are aff
Jun 21, 2024 · 46 min
Intelligent screening: How machine learning is changing the game
The art and science of screening in the KYC and AML world has certainly come a long way from the days of manually checking for names and organizations against a short list. Risk factors have evolved exponentially, increasing regulations have influenced risk appetites, and powerful technologies like Machine Learning (ML) and Generative AI (GenAI) have caught on like wildfire. In this episode of KYC Decoded, in-house experts Mike Xu, Data Strategy Director, and Victor Cotillon, Risk & Screening
Jun 6, 2024 · 51 min
A compliance evolution: Empowering business expansion
Anti-financial crime (AFC) departments can get labeled as the team that says “no” - seen as preventing innovation from reaching customers. But, this line of thinking overlooks the immense value AFC teams can bring in the product development process. How can AML and compliance professionals break through the stereotype to become more influential partners in business growth? In this episode of KYC Decoded, AML professional Erika Postel, passionately shares her expertise when it comes to thriving
May 24, 2024 · 35 min
Luxuries and larceny: ‘Following the goods’ for AML prevention
Fancy cars. Diamond-covered watches. Luxury vacations at 5-star resorts. These are some of the many high-ticket purchases money launderers might illegally make to disguise the origins of their wealth. So, what actions can be taken to fight this nefarious activity? How can businesses and consumers avoid complicity and prevent financial crime in the luxury goods' space? We are thrilled to welcome back esteemed guest and expert, Jessica Cath, Head of Financial Crime at Thistle Initiatives. Her dy
May 10, 2024 · 1 hr 1 min
Open banking: A revolution or evolution for KYC?
Open finance, API banking, Payment Services Directive (PSD2)...the concept of open banking can be called many things. But how exactly is this technology changing the world for risk and compliance professionals today and what potential does it have to mold the profession going forward? Join us for another episode of KYC Decoded as we welcome Alessio Balduini, CEO and founder of Credit Data Research, and Francis Marinier, former banking compliance officer and now Moody’s KYC Industry Practice Lea
Apr 26, 2024 · 39 min
Decrypting Privacy Enhancing Technologies (PETs)
What if your anti-financial crime program could build investigation models using sensitive data you may not have direct access to – in a totally compliant way? In this episode, we learn from Privacy Enhancing Technology (PET) expert, Michael Hughes, Chief Business Offer at Duality Technologies, about the potential PETs have to change the game of KYC. Follow along as Michael and host, Alex Pillow, discuss all things PETs, exploring topics like: the value PETs could bring to the world of AFC; pri
Apr 12, 2024 · 48 min
For good or for evil: Tech’s role in the world of financial crime
It is safe to say technology has done wonders when it comes to AML professionals tackling financial crime, but, on the flip side, it is important to understand how technology is being used by those committing the crimes. From video game online marketplaces to virtual currency mixers, how can we follow the money when tech is used to cover its tracks? In this episode of KYC Decoded, we welcome back esteemed guest, Geoff White, investigative journalist and author of the upcoming book, Rinsed: Fro
Mar 22, 2024 · 1 hr 1 min
What will disrupt KYC?
Change is essential to survive and thrive in any enterprise. As we narrow in on the world of AML and KYC, the adaptation of sophisticated criminals is evident, so the question arises: what disruptions are needed to outsmart these bad actors? In this episode of KYC Decoded, Head of Strategy & Content at Sardine, Simon Taylor, lends us his astute and perceptive expertise as we explore this questions further. You won’t want to miss this energetic and educational conversation with host, Alex Pillo
Feb 22, 2024 · 44 min
Today's global sanctions environment: What's new in Russian sanctions?
Russia’s invasion of Ukraine in February 2022 set off a series of global sanctions enforcement actions. The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has meted out sanctions to curb Russia’s defense procurement, energy weaponization, and international trade activity. To date, the EU has also imposed 12 sanctions packages on restrictive measures – with the 13th to be formally approved in February. In this episode, we speak with Dr. Andrea Viski, founder a
Feb 16, 2024 · 43 min
Pros, cons, and predictions: Which European city will be the new home for the AMLA?
The creation of the AMLA, the authority on money laundering in the European Union, is imminently upon us. And the critical question compliance professionals are wondering is: where will it live? Choosing an EU city to be the representative of 26 different cultures most certainly has needed careful thought and planning. The official location choice is set to be announced February 22, 2024, in the meantime we check in with Francis Marinier, Moody’s Analytics Financial Crime and Compliance Industry
Feb 9, 2024 · 33 min
Revisiting the US Corporate Transparency Act: Where are we now?
Much has changed since we last visited the US Corporate Transparency Act (CTA) in March of 2023 on KYC Decoded. Now that FinCEN has officially rolled out its beneficial ownership database, what is the lay of the land for risk and compliance professionals? In this episode, we welcome back Jim Richards, former BSA officer, author, speaker, and CEO of RegTech Consulting to share his thoughts on where we are now, where there is room for improvement, and just how useful this database will be when com
Feb 2, 2024 · 26 min
Risky business? The indicators of shell company risk
There are plenty of shell companies formed for legitimate reasons. However, as recently uncovered in a major case in Singapore where 3 billion SGD of assets were frozen, shell companies can also be used for more nefarious purposes. This risk is not always easy to spot, especially when relying on manual, time-invasive processes. In this episode KYC Decoded, host Alex Pillow welcomes Moody’s Analytics Product Manager, Kate Weymouth, and Head of the Financial Crime Practice Group for APAC and the
Jan 11, 2024 · 51 min
Human trafficking: A call to arms for anti-financial crime and risk professionals
Every year, on January 11, the US recognizes National Human Trafficking Awareness Day. Human trafficking – currently a $150 billion industry – continues to be a pervasive threat around the globe, with criminals profiting from the enslavement of other people. This brings us to the obvious question: what can anti-financial crime and risk professionals do to make this world a safer place and help put an end to this abhorrent practice? In this episode, we delve into this pressing issue with experts
Jan 5, 2024 · 53 min
Thinking outside the (check)box: The role of the BSA Officer/MLRO
"Fighting financial crime" has long been a rallying cry within the AML profession, but could this way of thinking actually be doing us all a disservice? While an admirable goal for any compliance risk management program, it may actually be too limiting and overlook how the BSA Officer/MLRO role can also drive business strategy and growth. In this episode of KYC Decoded, host Alex Pillow welcomes Vic Maculaitis, 3-time board-appointed BSA officer and founder of i3strategies, a consultancy that w